Brennan Hawken : Okay. All that’s fair. I guess the 2024 will depend on the competition for deposits. So we’ll see how that goes. One follow-up here. You guys made reference — and I apologize if you said it in the prepared remarks, the couple of overlapping calls here this morning. You laid out a Visa gain in the press release, but I didn’t hear it quantified in the commentary. Is it possible to quantify that impact?
Jason Tyler: Yes. It’s up $10 million to $15 million relative to second quarter. Second quarter was a slight loss. This was a slight gain. And that — just a little bit of color the — that relates to a derivative that we have associated with part of our Visa position. And as the — our view of the length of that swap, extends or reduces that has an impact to the mark-to-market. And as there was news that was proposed by — a news it was put out this quarter of Visa saying that they have a shareholder proposal to release half the shares. It reduces the amount of time in that swap. And so therefore, it changed the mark from what it normally — what it otherwise would be.
Operator: And our next question comes from Ryan Kenny with Morgan Stanley.
Ryan Kenny : So just in thinking through the puts and takes to NII, you mentioned taking securities yielding to and reinvesting at $5 million here’s update us on how much AFS and HTM roll-off you’re expecting per quarter going forward. And as those securities mature, are you mostly reinvesting that into cash?
Jason Tyler: I want to make sure I got the question fully. Can you repeat it for me? You just can’t throw a little soft. I want to make sure I got it.
Ryan Kenny : Yes. So as you as you’re reinvesting securities from 2 into 5, could you let us know just how much AFS and HTM roll off you’re expecting per quarter? And are you reinvesting that into cash?
Jason Tyler: Sure. A lot of the reinvestment recently has been in cash. And — but again, as I mentioned just a few minutes ago, that’s not necessarily where we’ll be reinvesting it before. And as we look at the schedule, it probably averages the runoff averages about 2%, particularly let’s just take the U.S. dollar-denominated amounts. And then overall, there’s about close to a little over $1 billion a quarter across all the currencies that’s maturing, that’s reinvesting.
Operator: And moving on to our next question from Brian Bedell with Deutsche Bank.
Brian Bedell : Just one clarification on the other investment in — or the other income that $68 million this quarter versus $55 million in the second quarter. Should we take that $55 million and think of that as a more normalized run rate given the noise on the Visa swap gain?
Jason Tyler: Yes, I think Visa is going to — at some point in time, I think the noise in that line item will just go away. And there’s Visa did announce that they didn’t make this announcement. And so that should have an impact on the swap at some point. And so I think it shouldn’t be — again, it has tended to be a negative, that negative will go away. And so the prior run rates are probably too low and the current run rate might be too high. The best way to think about it.
Brian Bedell : Okay. Okay. Fair enough on that. And then just on the NII guide, just to clarify also the $430 million to $440 million. Is that FTE? And then — well, let me just ask that first. That’s FTE, correct?
Jason Tyler: Yes.
